Mueller Industries Inc (MLI)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 824,880 | 882,448 | 642,087 | 214,061 | 161,912 |
| Long-term debt | US$ in thousands | 185 | 1,218 | 1,064 | 286,593 | 378,724 |
| Total stockholders’ equity | US$ in thousands | 2,337,440 | 1,790,910 | 1,222,120 | 776,745 | 643,468 |
| Return on total capital | 35.29% | 49.24% | 52.49% | 20.13% | 15.84% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $824,880K ÷ ($185K + $2,337,440K)
= 35.29%
Mueller Industries Inc's return on total capital has displayed fluctuations over the past five years. The return on total capital was highest in 2021 at 52.49% and decreased in the following years to 35.29% in 2023. Despite the slight decline in recent years, the company has generally shown strong performance in generating returns on its total capital. This indicates that Mueller Industries Inc has been efficient in utilizing its capital resources to generate profits for its shareholders. However, it may be beneficial for the company to further analyze the reasons behind the fluctuations in order to sustain and potentially improve its return on total capital in the future.
Peer comparison
Dec 31, 2023